E-Commerce

$2.9M to cop rare sneakers and have best 'fit in town

February 1, 2023
Kick Avenue

Look at those kicks. Meet Kick Avenue! They're an Indonesian marketplace that just raised a $2.9M Series A. But they're not just any marketplace — they've got collectible sneakers, luxury items and streetwear.

Investor check. Korea's KREAM and Malaysia's SneakersLAH co-led the round — both are fellow marketplaces.

  • They last raised a seed led by Insignia Ventures Partners in 2019!

👟 What are those?

Founded in 2017, they started out as a marketplace for sneakers from global and local brands like Adidas, Nike, Ventela and more.

Here and now. In 2019, they started expanding to new categories: apparel and luxury. They now sell tons of different sneakers, clothes and luxury items for men, women and children!

  • All kinds. Buy brand new, used, pre-ordered and pre-verified items!

Beyond just the sneakerheads! Expanding to new categories unlocked a larger range of customers.

  • Cop those oh-so-rare kicks for your younger brother, get that new BAPE t-shirt for your streetwear-loving friend or get that iconic Chanel handbag for your girlfriend.

🤔 How it works

They have buyers and sellers on the platform, with items sourced from sellers on the platform (or sourced by Kick Avenue themselves!)

  • Keepin' it real. All products on their marketplace are authentic, so you and I can shop safely and conveniently — no trust issues here!
  • The price is right. They help make sure their prices on the platform are fair and competitive.

💰 What's with the $$$?

They'll be leveling up the buying and selling experience, including launching a physical (yes, physical!) showroom! They'll also be expanding further into the luxury category.

  • Let's get physical. This showroom will bring in new customers, offer a wider selection of items and add the benefits of an in-person shopping experience.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
You're now subscribed to BackScoop. See you in your inbox!
Oops! Something went wrong while submitting the form.

Know Southeast Asian tech in minutes.

The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.